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Chapter 15 — Disclosure

15.4 Sale-and-Leaseback Transactions

15.4 Sale-and-Leaseback Transactions

ASC 842-40
50-1 If a seller-lessee or a buyer-lessor enters into a sale and leaseback transaction that is accounted for in accordance with paragraphs 842-40-25-4 and 842-40-30-1 through 30-3, it shall provide the disclosures required in paragraphs 842-20-50-1 through 50-10 for a seller-lessee or paragraphs 842-30-50-1 through 50-13 for a buyer-lessor.
50-2 In addition to the disclosures required by paragraphs 842-20-50-1 through 50-10, a seller-lessee that enters into a sale and leaseback transaction shall disclose both of the following:
  1. The main terms and conditions of that transaction
  2. Any gains or losses arising from the transaction separately from gains or losses on disposal of other assets.